We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than...
Americans are in a cycle of fear which leads to people not wanting to spend and not wanting to make investments, and that leads to more fear. We'll break out of it. It takes time.
Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it.
There seems to be some perverse human characteristic that likes to make easy things difficult.
Wide diversification is only required when investors do not understand what they are doing.
The smarter the journalists are, the better off society is. For to a degree, people read the press to inform themselves - and the better the teacher, the better the student body.
The investor of today does not profit from yesterday's growth.
The first rule is not to lose. The second rule is not to forget the first rule.
When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.
Chains of habit are too light to be felt until they are too heavy to be broken.